Zacks: Brokerages Anticipate Atmos Energy Co. (ATO) to Post $0.67 EPS

Equities research analysts expect Atmos Energy Co. (NYSE:ATO) to post $0.67 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Atmos Energy’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.61. Atmos Energy also reported earnings of $0.67 per share in the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that Atmos Energy will report full year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.91 to $4.05. For the next financial year, analysts anticipate that the firm will report earnings of $4.25 per share, with EPS estimates ranging from $4.18 to $4.32. Zacks’ EPS averages are an average based on a survey of research analysts that cover Atmos Energy.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business posted $1.52 earnings per share. Atmos Energy’s revenue was up 23.4% compared to the same quarter last year.

ATO has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. JPMorgan Chase lifted their price target on shares of Atmos Energy from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Bank of America reissued a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. Finally, Barclays set a $80.00 price target on shares of Atmos Energy and gave the stock an “underweight” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.20.

Atmos Energy traded up $0.14, reaching $86.35, during midday trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 967 shares, compared to its average volume of 464,049. Atmos Energy has a 52 week low of $76.46 and a 52 week high of $93.56. The stock has a market cap of $9.47 billion, a PE ratio of 23.95, a PEG ratio of 3.05 and a beta of 0.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.40 and a current ratio of 0.46.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 21st will be given a dividend of $0.485 per share. The ex-dividend date is Friday, May 18th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.25%. Atmos Energy’s dividend payout ratio is 53.89%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trustcore Financial Services LLC bought a new position in shares of Atmos Energy during the fourth quarter worth $105,000. Independence Bank of Kentucky bought a new stake in Atmos Energy in the 4th quarter valued at $112,000. Cerebellum GP LLC bought a new stake in Atmos Energy in the 4th quarter valued at $119,000. Envestnet Asset Management Inc. lifted its position in Atmos Energy by 184.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,603 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Atmos Energy by 273.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 1,238 shares in the last quarter. 73.09% of the stock is currently owned by institutional investors.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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